Tuesday, July 9, 2019

Precision Camshafts Ltd ( PRECAM ) - A MultiBagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


Precision Camshafts Ltd closes   at ₹ 51.70   with  a  fall   of   -5.5 %   on    07-July -2019   with formation of  a  Long Red   Candle    on Daily  Price Chart.   Technically,  Precision Camshafts Ltd is  Trading below its 200DMA and in long downtrend since Oct 2016.
About the Company : Precision Camshafts carries on the business of manufacturing of chilled cast iron camshaft castings and fully machined camshafts ready for assembly.

Valuations : Precision Camshafts Ltd  is now Trading at X0.8 of its Value ( March 2019 earnings ). If we factor its FY2020(E) earnings, it is now Trading at ~29% Discount & ~35% with its FY2021(E) earnings. Enterprise Value Annual /Share is ₹53.33 ( March 2019 basis ). Net Cash / Share is ₹35.20 (March 2018)
( Earnings Estimate Source: www.moneycontrol.com  )
We may    BUY /    Accumulate  Precision Camshafts Ltd  around  ₹ 40-44
Target : ₹ 79.50 -125
Stop: Loss : ₹ Nil ( Accmulations Basis)
Time Frame: 24-30 Months
Red Flag :  Auto sector is in Downtrend presently.
Financials :    https://www.screener.in/company/PRECAM/
Disclaimer : We are / may going to take exposure shortly.
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